V BOURT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
V BOURT
Largest movements
- Cash +€5,844
up €5,844 (+10.7%), from €54,625 to €60,469
mainly Net result for the year (+€9,539) and Trade debts (+€4,076)
- Deferred charges and accrued income -€2,839
down €2,839 (-26.6%), from €10,667 to €7,829
- Tangible fixed assets -€2,526
down €2,526 (-14.9%), from €17,006 to €14,480
of which Furniture and vehicles: -€1,740
- Receivables within one year -€1,186
down €1,186 (-76.9%), from €1,542 to €355
of which Other amounts receivable: -€1,249
- Reserves -€8,565
down €8,565 (-19.2%), from €44,725 to €36,160
- Trade debts +€4,076
up €4,076 (+455.6%), from €895 to €4,971
- Tax, wage and social debts +€1,967
up €1,967 (+16.0%), from €12,290 to €14,257
- Other debts +€1,811
up €1,811 (+15.5%), from €11,697 to €13,508
- Gross operating margin -€30,592
down €30,592 (-59.0%), from €51,879 to €21,287
- Taxes -€6,460
down €6,460 (-57.8%), from €11,175 to €4,715
- Financial charges +€929
up €929 (+68.5%), from €1,356 to €2,285
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,865 | €83,158 | -€707 | -0.8% |
| Fixed assets | 21/28 | €17,031 | €14,505 | -€2,526 | -14.8% |
| Tangible fixed assets | 22/27 | €17,006 | €14,480 | -€2,526 | -14.9% |
| Furniture and vehicles | 24 | €10,605 | €8,865 | -€1,740 | -16.4% |
| Other tangible fixed assets | 26 | €6,401 | €5,615 | -€786 | -12.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €66,834 | €68,653 | +€1,819 | +2.7% |
| Amounts receivable within one year | 40/41 | €1,542 | €355 | -€1,186 | -76.9% |
| Trade receivables | 40 | €54 | €117 | +€63 | +116.2% |
| Other amounts receivable | 41 | €1,487 | €238 | -€1,249 | -84.0% |
| Cash at bank and in hand | 54/58 | €54,625 | €60,469 | +€5,844 | +10.7% |
| Deferred charges and accrued income | 490/1 | €10,667 | €7,829 | -€2,839 | -26.6% |
| Total equity and liabilities | 10/49 | €83,865 | €83,158 | -€707 | -0.8% |
| Equity | 10/15 | €58,984 | €50,423 | -€8,561 | -14.5% |
| Contributions | 10/11 | €14,255 | €14,255 | = | 0.0% |
| Reserves | 13 | €44,725 | €36,160 | -€8,565 | -19.2% |
| Distributable reserves | 133 | €44,725 | €36,160 | -€8,565 | -19.2% |
| Profit (loss) carried forward | 14 | €4 | €8 | +€4 | +88.2% |
| Amounts payable | 17/49 | €24,881 | €32,735 | +€7,854 | +31.6% |
| Amounts payable within one year | 42/48 | €24,881 | €32,735 | +€7,854 | +31.6% |
| Trade debts | 44 | €895 | €4,971 | +€4,076 | +455.6% |
| Suppliers | 440/4 | €895 | €4,971 | +€4,076 | +455.6% |
| Taxes, remuneration and social security | 45 | €12,290 | €14,257 | +€1,967 | +16.0% |
| Taxes | 450/3 | €12,290 | €14,257 | +€1,967 | +16.0% |
| Other amounts payable | 47/48 | €11,697 | €13,508 | +€1,811 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,420 | €3,175 | -€245 | -7.2% |
| Other operating charges | 640/8 | €1,595 | €1,590 | -€5 | -0.3% |
| Gross operating margin | 9900 | €51,879 | €21,287 | -€30,592 | -59.0% |
| Operating profit (loss) | 9901 | €46,863 | €16,521 | -€30,342 | -64.7% |
| Financial income | 75/76B | €15 | €17 | +€2 | +14.0% |
| Recurring financial income | 75 | €15 | €17 | +€2 | +14.0% |
| Financial charges | 65/66B | €1,356 | €2,285 | +€929 | +68.5% |
| Recurring financial charges | 65 | €1,356 | €2,285 | +€929 | +68.5% |
| Profit (loss) for the period before taxes | 9903 | €45,523 | €14,254 | -€31,269 | -68.7% |
| Income taxes | 67/77 | €11,175 | €4,715 | -€6,460 | -57.8% |
| Profit (loss) for the period | 9904 | €34,348 | €9,539 | -€24,809 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,348 | €9,539 | -€24,809 | -72.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.